Looking at the universe of stocks we cover at Dividend Channel, on 6/26/13, Great Northern Iron Ore Properties (GNI) will trade ex-dividend, for its quarterly dividend of $2.50, payable on 7/31/13. As a percentage of GNI's recent stock price of $71.74, this dividend works out to approximately 3.48%, so look for shares of Great Northern Iron Ore Properties to trade 3.48% lower — all else being equal — when GNI shares open for trading on 6/26/13.
Below is a dividend history chart for GNI, showing historical dividends prior to the most recent $2.50 declared by Great Northern Iron Ore Properties:
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from GNI is likely to continue, and whether the current estimated yield of 13.94% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of GNI shares, versus its 200 day moving average:Looking at the chart above, GNI's low point in its 52 week range is $61.11 per share, with $89.99 as the 52 week high point — that compares with a last trade of $71.74.
In Monday trading, Great Northern Iron Ore Properties shares are currently down about 0.8% on the day.